1815 Crismon RdMesa, AZ 85209

Property Details for 1815 Crismon Rd

Year built

2020

Lot size

1.56 AC

Property size (Sq ft)

13,383 SF

Zone code

LC

Property type

Strip malls

Property subtype

Neighborhood centers

APN

220-81-973

APU

22081973

Description

This exceptional 1,925-square-foot retail space, previously a bank, is ideally situated within the Crismon Gateway Village Shops in Mesa, Arizona. The property boasts a single-story building offering one available space perfect for a variety of retail uses. Its prime location provides unparalleled convenience and accessibility, benefiting from high visibility and easy access from the US-60 freeway. This ensures a steady stream of potential customers and employees. The property's prominent placement within the shopping center allows for significant exposure to the high volume of traffic passing by daily. Further enhancing its marketing potential, digital monument signage is available, providing an excellent opportunity for businesses to increase their brand awareness and attract new customers. The space's previous use as a bank suggests a robust infrastructure, potentially including secure features and adaptable layouts. This turnkey opportunity presents a unique chance to establish a thriving business in a high-traffic, easily accessible location within a well-established shopping center. The 1,925 square feet offer ample space for a variety of retail concepts, making it a versatile and attractive option for prospective tenants. The property's location at the intersection of Baseline and Crismon Roads in Mesa, AZ, guarantees significant foot and vehicle traffic.

• CAP approach

  CAP return

  Valuation

  6%

  $6,236,580

  6.5%

  $5,756,842

  7%

  $5,345,640

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,607,722

  Geo Method

  $7,607,722

• Alternative Use

  Use

  Valuation

  Residential

  $4,856,112

  Hospitality

  $4,448,172

  Educational

  $3,700,827

  Medical

  $3,828,104

  Retail

  $5,756,842

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.3818

Longitude

-111.617

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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